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Dec 30, 2012
12/12
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the most deficit reduction is going to come from no deal. and that's what we need. that's what this economy needs, the biggest threat to economic growth, if the deficit and the debt, 4 trillion, everybody talks about it as somome sort of grand bargain. it's barely a start. this isn't a fiscal cliff, it's a fiscal bun hill, let's slide down it. >> if we slide down, jonas, in the first t week, people are going to open up the paycheck and see less money there. i don't think that people understand that at this point. >> people get used to tax cuts, that's the problem. short-term expiring tax cuts, including e paoll tax cut. you know, it's not the best way to solve a problem, but this cliff is the result of not coming up with deals and they're not going to come up with battery deal if it' negotiated it's not the ideal way to solve it out after deficit. we'd like to gradually raise taxes and cut spending, but this is the best we're going to get. any of the deals they would agree on, probably leave us to the oer guest's int, close t a trillion dollars anyway, and it's the
the most deficit reduction is going to come from no deal. and that's what we need. that's what this economy needs, the biggest threat to economic growth, if the deficit and the debt, 4 trillion, everybody talks about it as somome sort of grand bargain. it's barely a start. this isn't a fiscal cliff, it's a fiscal bun hill, let's slide down it. >> if we slide down, jonas, in the first t week, people are going to open up the paycheck and see less money there. i don't think that people...
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Sep 16, 2012
09/12
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. >> brenda: there goes that deficit and the debt, steve, what do you think of that? >> no, i think, first of all, it worked last year and then they stopped doing it and the economy slowed down last year. >> brenda: wait a minute, unemployment above 8% still? >> the economy was growing far greater last year at this point in time than it is this year. >> and commodity prices-- >> this fed changed the policy of course they should be doing it. and there's no danger of inflation. >> he's right. >> the economy has a tremendous amount of excess capacity right now. with the unemployment where it is, there's no chance of inflation anytime soon. >> steve, steeve, i've been on your side of it for a while because of the excess capacity. and jump the shark when we said we're going to have unlimited supply of new cash coming in, number two, we're going to go until job rates come down to 6 or 7% and we've never had any, and this is monetary poly, guys, we're not doing anything and nobody is searching jobs and because interest. >> stocks love it and bonds hate it, so we're going to
. >> brenda: there goes that deficit and the debt, steve, what do you think of that? >> no, i think, first of all, it worked last year and then they stopped doing it and the economy slowed down last year. >> brenda: wait a minute, unemployment above 8% still? >> the economy was growing far greater last year at this point in time than it is this year. >> and commodity prices-- >> this fed changed the policy of course they should be doing it. and there's no...
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183
Aug 12, 2012
08/12
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CNBC
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the reason i like it is i'm really a deficit hawk. i've always believed that these deficits are very bad for the country. this is the first step towards doing something serious about the deficit, and i think it's worth doing. >> so you are not worried about that recession happening in 2013? most economists, congressional budget office said that would occur if nothing is done in washingt washington. you say it's okay if it's short term. >> maria, it wi occur. i think a recession is terrible and tough. but this country is in deep trouble. we clearly cannot go on with these kinds of deficits. doing something about the deficit can't be done in washington because none of them ever seem to want to take any political heat. this is the way they designed to take the political heat. all these cuts are necessary. some of them are painful. i hate some of them. we're all going to have to give up something in order to get out of this deficit situation, and the fiscal cliff appears to be the only situation. solution. >> it's amazing there's no discu
the reason i like it is i'm really a deficit hawk. i've always believed that these deficits are very bad for the country. this is the first step towards doing something serious about the deficit, and i think it's worth doing. >> so you are not worried about that recession happening in 2013? most economists, congressional budget office said that would occur if nothing is done in washingt washington. you say it's okay if it's short term. >> maria, it wi occur. i think a recession is...
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267
Feb 15, 2012
02/12
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CNBC
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the so-called buffett only pays for 6.7% of his deficit spending. put aside all the economic damage of these tax increases due to capital and business formation and small businesses. it doesn't even come close to paying for his spending binge that occurs over this period of time. >> are there any legitimate spending cuts in this budget? >> no. he increases spending of $1.5 trillion. it's a net spending increase. you have to net these things out. other than saying -- he really cuts defense big time but the spending increases on domestic spending more than overcompensate these deep cuts to defense. it calls for a net increase in spending. >> i thought there was like $350 billion of additional so-called stimulus spending in this budget. is that true? is that hidden? that's what i think i found. >> that's in there. like i said ash lot of domestic spending increases so that this budget is a net spending increaser. >> so let's go back to basics. you have warned for the last several years, you call yourself a second generation supply sider, i love that. an
the so-called buffett only pays for 6.7% of his deficit spending. put aside all the economic damage of these tax increases due to capital and business formation and small businesses. it doesn't even come close to paying for his spending binge that occurs over this period of time. >> are there any legitimate spending cuts in this budget? >> no. he increases spending of $1.5 trillion. it's a net spending increase. you have to net these things out. other than saying -- he really cuts...
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182
Mar 31, 2012
03/12
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FOXNEWS
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eye 182
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states are using to close the budget deficit over 103 billion. and this 20 percent go to wipe out the deficits and not education. it goes to infrastructure and government. >> are they good or bad. >> it is reverse robin. give to government and take from the poor. our education system is bad or worse than 40 or 50. fine to have the money go to -- worse stock in the great depression. >> gangster/politician. >> and coming up next. forget the megamillion and get megatock picks. that is next. "why did i roll over my i.r.a. to scottrade?" "for starters, it didn't cost me anything." "and i got a one-hundred dollar cash bonus for rolling over by april 16th." "i like bonuses." "plus at scottrade, there are thousands of commission-free investments." "and if i need help, i can find it online, by phone or at one of over five-hundred scottrade locations." "it's why more investors with i.r.a.s are saying.." "i'm with scottrade." ♪ [music] nighs megamillion. >> trading 8 times earning. emac you like it. >> world class propertis and world class management. it
states are using to close the budget deficit over 103 billion. and this 20 percent go to wipe out the deficits and not education. it goes to infrastructure and government. >> are they good or bad. >> it is reverse robin. give to government and take from the poor. our education system is bad or worse than 40 or 50. fine to have the money go to -- worse stock in the great depression. >> gangster/politician. >> and coming up next. forget the megamillion and get megatock...
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369
May 26, 2012
05/12
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FOXNEWSW
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. >> but steve, isn't the threat of the debt and the deficit just as dangerous? >> i think it is more dangerous than the threat of going back into recession. i think the long-term threat posed by the deficit and the debt it is bordering on a national crisis. i'm not fearful of this so-called train wreck happening. i think we needed big spending cuts. i think we are going to have to have tax increases. i don't think congress is going to come to any kind of agreement if in the absence of an agreement that has big cuts and tax increases in it i'm fine with this going into effect the way it is now. >> what is that going to do to the economy? what is that going to do to us? to americans? >> first off this is the cboe making and estimate. if they say seven months we probably started three months guy based on their track record. we are at sort of the marginal return point here where because of slowing where you do the double whammy of tax them again and have 6 or $8 billion sucked out of a $15 trillion economy we don't have the bandwidth and we will be in a recession. >
. >> but steve, isn't the threat of the debt and the deficit just as dangerous? >> i think it is more dangerous than the threat of going back into recession. i think the long-term threat posed by the deficit and the debt it is bordering on a national crisis. i'm not fearful of this so-called train wreck happening. i think we needed big spending cuts. i think we are going to have to have tax increases. i don't think congress is going to come to any kind of agreement if in the absence...
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216
Aug 11, 2012
08/12
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FOXNEWS
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you have to do something about the deficit and spending. and you have to do something to broaden the tax base and the president's plan would be to increase revenues on the same people that paul ryan would maintain cuts on. where is that a better way to go? >> i believe a balanced approach to the long-term deficit is the right way to go. that is the way it isy recommended. i don't endorse every recommendation but the overall frame work is a balanced one which is in stark contrast to the republican budget which is lopsided approach and that significantly cuts our investment in education and would ask seniors to bear the rising health care costs risk and provide a tax win fall to the folks at the top. that is not a balanced approach, but that is an approach we tried in the bush year and failed. >> when the first ryan budget came out the president called it darwinism. and the attack against congressman ryan. he will do anything to protect tax cuts to the wealthy k. we expect a negative campaign going forward. >> it should focus on the policy di
you have to do something about the deficit and spending. and you have to do something to broaden the tax base and the president's plan would be to increase revenues on the same people that paul ryan would maintain cuts on. where is that a better way to go? >> i believe a balanced approach to the long-term deficit is the right way to go. that is the way it isy recommended. i don't endorse every recommendation but the overall frame work is a balanced one which is in stark contrast to the...
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89
Apr 3, 2012
04/12
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CSPAN3
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mitt romney right now is running on a platform that actually increases the deficit substantially. so if he wins, it's going to be difficult for him to then implement deficit reduction, because that means that he is going to have to be breaking a lot of his campaign promises. >> just to push you on that, you think that his priority would be to do the tax cuts that he is calling for, which would be deficit-inducing instead of doing the deficit reduction that he is sort of in general calling for in terms of reducing the debt? >> i don't know what his priorities will be. but what i do know is if you look at the overall plan, the spending cuts that are in his proposal, and thiss including, you know, the 20% cap or the balanced budget amount, which really aren't actual spending cuts. that's just a procedural mechanism. but the actual spending cuts are there in no way add up to the lost revenue that he has. if you're just scoring on what you can score, it actually results in a net increase in the deficit. so my worry would be that then he will have a difficult time adhering to his campai
mitt romney right now is running on a platform that actually increases the deficit substantially. so if he wins, it's going to be difficult for him to then implement deficit reduction, because that means that he is going to have to be breaking a lot of his campaign promises. >> just to push you on that, you think that his priority would be to do the tax cuts that he is calling for, which would be deficit-inducing instead of doing the deficit reduction that he is sort of in general calling...
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136
Nov 13, 2012
11/12
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MSNBC
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so the conversation used to be we will cut the deficit through spending cuts. now within the space of a week, the same people, glen hubbard who was romney's chief economic adviser slated to be the federal reserve head if romney had won has an op-ed in the financial times today saying the first thing we should do is focus on more revenues and the way to get that is from capping deductions for the wealthy. so it's extraordinary the shape of the the rhetoric that's coming from republicans in the the last week has really changed a great deal. i think they recognize, even if obama doesn't recognize and even if most centrist democrats don't recognize it, they hold all the cards here. >> so who's the god you're referring to there? >> grover norquist? i'd say it's more a collection of dayties who said the first -- >> but that's the point. republican leaders and some republican thought leaders might be coming around that we have a deal here. but the reason for the past two decades can be traced back to 1990 with george bush sr. put a tax hike deal together with democrat
so the conversation used to be we will cut the deficit through spending cuts. now within the space of a week, the same people, glen hubbard who was romney's chief economic adviser slated to be the federal reserve head if romney had won has an op-ed in the financial times today saying the first thing we should do is focus on more revenues and the way to get that is from capping deductions for the wealthy. so it's extraordinary the shape of the the rhetoric that's coming from republicans in the...
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Jan 25, 2012
01/12
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CSPAN
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that's how we'll reduce our deficit. that's an america built to last. [applause] i recognize that people watching tonight have differing views about taxes and debt, energy and health care. but no matter what party they belong to, i bet most americans are thinking the same thing right now -- nothing will get done this year, or next year, or maybe even the year after that, because washington is broken. can you blame them for feeling a little cynical? the greatest blow to confidence in our economy last year didn't come from events beyond our control. it came from a debate in washington over whether the united states would pay its bills or not. who benefited from that fiasco? the talked tonight about deficit of trust between main street and wall street. but the divide between this city and the rest of the country is at least as bad -- and it seems to get worse every year. some of this has to do with the corrosive influence of money in politics. so together, let's take some steps to fix that. send me a bill that bans insider trading by members of congress, a
that's how we'll reduce our deficit. that's an america built to last. [applause] i recognize that people watching tonight have differing views about taxes and debt, energy and health care. but no matter what party they belong to, i bet most americans are thinking the same thing right now -- nothing will get done this year, or next year, or maybe even the year after that, because washington is broken. can you blame them for feeling a little cynical? the greatest blow to confidence in our economy...
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Oct 11, 2012
10/12
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CNBC
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it's called the deficit. 1,100,000,000,000 bucks. what do you think that is? >> you can't solely tax your way out of it. raises taxes doesn't do a darn thing to change the demographics of a country. or the fact that health care is growing at a faster gdp. you also can't solely cut your way out of it without hurting the truly disadvantaged or without making such significant cuts in education and infrastructure, energy and research that we're not competitive in a knowledge-based global economy. >> i want to ask you, because a lot of this is predicated -- >> can i say one thing on that? >> yeah. >> even if it was a matter of economics you could live life on one extreme or the other. as a matter of political reality you can't. the country is divided on this. whoever wins the election i hope they realize that you have to bring the entire country with you. you have to do this in a bipartisan way. or else we're going to be a very volatile system as we go from one extreme to the other extreme as the parties trade tenures in office. whoever does this is going to have t
it's called the deficit. 1,100,000,000,000 bucks. what do you think that is? >> you can't solely tax your way out of it. raises taxes doesn't do a darn thing to change the demographics of a country. or the fact that health care is growing at a faster gdp. you also can't solely cut your way out of it without hurting the truly disadvantaged or without making such significant cuts in education and infrastructure, energy and research that we're not competitive in a knowledge-based global...
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Feb 18, 2012
02/12
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FOXNEWSW
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eye 241
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we have found a new way to solve the deficit. we'll pass a passle of brand new laws on business and charge business for abiding by the law. it is a fantastic plann. go to congress for taxpayer dollars for your budget. >>> and the issue they brought up is looking for way it is to increase cost of the government. indirect ways of sticking, us right. >> it assuming that the government bureaucracy and agencies can never go back are wards and shrink. vicki said of course we shouldn't get rid of the fda. long ago theyed and that was insure safety . now it is making sure that drugs work. that added years and cost . people don't realize, they should realize the drug market is a global market. all we do is driving the drug and biotechnology companies off shore. >> rick? >> everybody is a little bit of right and wrong. emac is right when she points out how drug companies are paying for the salaries of people who approve them. and dennis is right. it is used to speed up. one complaint however i will note, i don't like the fees tacked on to
we have found a new way to solve the deficit. we'll pass a passle of brand new laws on business and charge business for abiding by the law. it is a fantastic plann. go to congress for taxpayer dollars for your budget. >>> and the issue they brought up is looking for way it is to increase cost of the government. indirect ways of sticking, us right. >> it assuming that the government bureaucracy and agencies can never go back are wards and shrink. vicki said of course we shouldn't...
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257
Dec 12, 2012
12/12
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CNBC
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we have a huge deficit. frankly i think ben bernanke has done very, very well stimulating the economy without government interference. i think the thing to do is go right over the fiscal cliff. you'll raise some taxes, yes, that's true, you'll cut defense and some human services. this is the only way we'll have a significant bite out of this deficit. i think the market is going to like this. they say no right now, but when they see that this government is taking on the deficit in a serious way i think they will like it >> you don't think going over the cliff is armageddon? >> this is just nonsense, absolutely not. this is a bipartisan deal that was made. now both parties are trying to welch on their commitments. i think that's a mistake. >> steve, ben bernanke said today if we do go over the fiscal cliff, even if it's for a short period of time, it's going to be very costly and they do not have the tools to basically dig us out of it. do you believe if we go over the fiscal cliff it won't be as easy as the g
we have a huge deficit. frankly i think ben bernanke has done very, very well stimulating the economy without government interference. i think the thing to do is go right over the fiscal cliff. you'll raise some taxes, yes, that's true, you'll cut defense and some human services. this is the only way we'll have a significant bite out of this deficit. i think the market is going to like this. they say no right now, but when they see that this government is taking on the deficit in a serious way...
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Sep 28, 2012
09/12
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CNBC
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it's really important for the french government to meet the deficit target, the 3% public deficit target for the next year, because failing to reach this target would put france in a difficult situation. so far the country has been treated really well by the markets if you compare for instance with spain, but failing would put them in the same situation as spain and italy. >> where are you standing there and when are we expected to get the details of the budget? >> the budget will be presented at the weekly committee meeting in the next couple of minutes, but we don't have any public announcement only later this afternoon here at the budget ministry. the budget finance and budget minister will unveil the details. so this is where i'm standing right now and this is where we're going to have the details a bit later in the afternoon. >> we'll watch for all that. stefane from paris for us. let's swing over to steve sedgwick in madrid. and your location has seen protests, has basically been one of getting a sense of what the public is looking at. now you're at the stock exchange there. it see
it's really important for the french government to meet the deficit target, the 3% public deficit target for the next year, because failing to reach this target would put france in a difficult situation. so far the country has been treated really well by the markets if you compare for instance with spain, but failing would put them in the same situation as spain and italy. >> where are you standing there and when are we expected to get the details of the budget? >> the budget will...
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Aug 22, 2012
08/12
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FOXNEWS
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while the federal deficit continues to surge out of control. on pace to hit $1.1 trillion this fiscal year. that poses a major survival issue for a president. coming up for re-election in less than 11 weeks. chief white house correspondent ed henry reports. >> it's good to be back in nevada. >> four more years! >> reporter: as president obama made his case in another key battleground -- >> the fact is that everything i've done has been focused on how we rebuild that strong middle class. >> back in washington, much harsher verdict of the fiscal mess. congressional budget office protecting a president who vowed to cut the deficit in half will see it exceed $1 trillion for the fourth straight year. >> we don't know how long it can go on for. if leaders fail to stop massive tax increases and automatic spending cuts at the end of the year, there will be short-term deficit relief but it could spark another recession. >> if allowed to occur, the sharp reduction in taxes and -- in central spending and increases in taxes will lead to a dramatic reductio
while the federal deficit continues to surge out of control. on pace to hit $1.1 trillion this fiscal year. that poses a major survival issue for a president. coming up for re-election in less than 11 weeks. chief white house correspondent ed henry reports. >> it's good to be back in nevada. >> four more years! >> reporter: as president obama made his case in another key battleground -- >> the fact is that everything i've done has been focused on how we rebuild that...
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75
Mar 14, 2012
03/12
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CSPAN3
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eye 75
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account deficit without a significant increase in exporting manufacturing exports, and you will hear that later from fred. you can basically call it industrial policy or manufacturing policy, but what the administration has concluded is that for spillover benefit reasons, there are lots of things that policy can do with the small adjustment that will give some preference to manufacturing. that is one area where i have seen the industrial policy, and let me give you another area. from small companies how they came together to talk about what they viewed to be the important source of job creation in the near term and in that case, we focused on things like increasing the speed of visa process i processing or increasing the speed of getting an infrastructure project already funded out the door to actually start getting the people on the job right away. and the things that you can do quickly. the last report focused on competitiveness, and there we were actually focusing on things like setting up an infrastructure bank in a multi-year infrastructure plan, setting up what gene referred to
account deficit without a significant increase in exporting manufacturing exports, and you will hear that later from fred. you can basically call it industrial policy or manufacturing policy, but what the administration has concluded is that for spillover benefit reasons, there are lots of things that policy can do with the small adjustment that will give some preference to manufacturing. that is one area where i have seen the industrial policy, and let me give you another area. from small...
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Jan 25, 2012
01/12
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WUSA
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calling for stricter control of financial giants and more taxes on the wealthy as a way to fight the deficit. >> if you make more than a million dollars a year, you should not pay less than 30% in taxes. now you can call this class warfare all you want but asking a billionaire to pay as least as much as his secretary in taxes? most americans would call that common sense. >> [applause]. >> he harolded his foreign policy. >> for the first time in nine years, there are no americans fighting in iraq. >> [applause]. >> for the first time in two decades, osama bin laden is not a threat to this country. >> [applause]. >> and praised the troops. >> they aren't consumed with personal ambition. they don't obsess over their differences. they focus on the mission at hand. they work together. imagine what we could accomplish if we followed their example. >> the president said the most immediate priority is extending the payroll tax cut soon due to expire and he also asked congress to extend tuition tax credits that will expire in july. when the speech is over members of congress fled to the hall where we
calling for stricter control of financial giants and more taxes on the wealthy as a way to fight the deficit. >> if you make more than a million dollars a year, you should not pay less than 30% in taxes. now you can call this class warfare all you want but asking a billionaire to pay as least as much as his secretary in taxes? most americans would call that common sense. >> [applause]. >> he harolded his foreign policy. >> for the first time in nine years, there are no...
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for example if germany has a deficit of three percent and the rest of the eurozone has a deficit of ten percent of g.d.p. this is all monetized and then prices rise eight percent. in the euro zone then you are so then losing so then let me ask you this i didn't mean to step on your toes there is there any scenario where you would support a euro system or are you against the entire notion of a common monetary policy even if there is linked budgets where you could solve the problem if for example you saw a bit of the c b two except government bonds as collateral. and if you flip the c.b. to buy government bonds and if you. governments to bail out other governments then you have no problems that deficits one interest. and then the governments just go bankrupt. and that's it ok so bankruptcy not bell out so let's talk about speaking of bankruptcies and defaults let's talk about a break up plan for the year zero because we haven't really heard one yet on this show though we've heard a lot of discussion about the problem of the euro before we get to that though a lot of people say that an
for example if germany has a deficit of three percent and the rest of the eurozone has a deficit of ten percent of g.d.p. this is all monetized and then prices rise eight percent. in the euro zone then you are so then losing so then let me ask you this i didn't mean to step on your toes there is there any scenario where you would support a euro system or are you against the entire notion of a common monetary policy even if there is linked budgets where you could solve the problem if for example...
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125
Oct 11, 2012
10/12
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CNBC
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he said this is the way to look at the deficit. every dollar that we use -- spend for all of our wars is borrowed. that's a great way to get the idea across to the people how serious the deficit problem is. mr. simpson had a great comment. he said we used to think that no congress could be this stupid but i think we were wrong. i'm paraphrasing a little bit but they're putting some pressure on them now. >> i think they're being joined by a number of ceos around the country. the question is whether or not in this type of election year the pressure that is on congress and senators -- i don't know whether it is going to do any good. >> did lloyd blankfein look comfortable or not? i have not seen him look so relaxed. >> speaking of mr. blankfein, folks, i thought it was very interesting when he said i'm more worried about the next five months than i am about the next five years. on that he seems relatively optimistic. he was more optimistic maybe than we might have anticipated on europe. he thought china had had
he said this is the way to look at the deficit. every dollar that we use -- spend for all of our wars is borrowed. that's a great way to get the idea across to the people how serious the deficit problem is. mr. simpson had a great comment. he said we used to think that no congress could be this stupid but i think we were wrong. i'm paraphrasing a little bit but they're putting some pressure on them now. >> i think they're being joined by a number of ceos around the country. the question...
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Jul 21, 2012
07/12
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FOXNEWSW
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what is the purpose of raising taxes, face to reduce the deficit. you raise taxes hurt the economy and that blows out the deficit and that's what's happening in spain, italy and elsewhere and why don't we learn the lessons of europe, relearn the lessons of ronald reagan, and lower, and win-win. >> rick, what do you say. >> guys, look at the numbers and let's not talk about the ideology, as much fun as that may be, you have to get into households earning multi-millions, before we start talking about enough taxes that you could even think about it, you raise-- >> the thing is, the margin, that hurts economic activity and that's the key thing. >> hold on a second. e-mac doesn't take ideology, she talks figures and used to cover for the wall street journal. >> and victoria hit the nail on the head. talking about the covering the ballooning costs on debt. and when president obama took office, 5 trillion bucks, we collect 2.3 trillion in taxes, and clinton had it right, the road to prosperity is through regulatory stability, tax stability and a strong dol
what is the purpose of raising taxes, face to reduce the deficit. you raise taxes hurt the economy and that blows out the deficit and that's what's happening in spain, italy and elsewhere and why don't we learn the lessons of europe, relearn the lessons of ronald reagan, and lower, and win-win. >> rick, what do you say. >> guys, look at the numbers and let's not talk about the ideology, as much fun as that may be, you have to get into households earning multi-millions, before we...
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Dec 18, 2012
12/12
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FBC
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neil: part of it is hard choices. >> deficit reduction is on talking bout. it's all there. neil: all right, thank you, congressman, thank you very much. after the break, a private powwow at the white house. the president is backed into a corner. the economy may go off the cliff. neil: if they are still talking, a deal must be in the works. john boehner met at the white house with the president today. great news, right? not necessarily. we have the former secretary to george w. bush. >> good evening. i think in politics, as well as business, leaders have to address both the urgent and important. the urgent is to avoid going over the fiscal cliff. but that really is just a down payment on the important issue. that is the former fiscal foundation and then building on top of that policy that produces growth and opportunity and jobs. if we simply see a deal on taxes alone, i don't think addresses this as well as entitlement cuts and taxes. neil: i don't know about that, sir, in this environment where there is finger-pointing or blaming, it is greeted poorly. rightly so among ame
neil: part of it is hard choices. >> deficit reduction is on talking bout. it's all there. neil: all right, thank you, congressman, thank you very much. after the break, a private powwow at the white house. the president is backed into a corner. the economy may go off the cliff. neil: if they are still talking, a deal must be in the works. john boehner met at the white house with the president today. great news, right? not necessarily. we have the former secretary to george w. bush....
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Dec 1, 2012
12/12
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CNBC
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it would make a difference in the deficits. and then we'll talk revenue. >> larry we're not suggesting dropping out, either. >> neil pattell thank you very much. senator kay bailey hutchson appreciate it. >>> next up lipitor and the fallout. the people who take the popular drug need to know. [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. it's another reason more investors are saying... those surprising little still make you take notice. there are a million reasons why. but your erectile dysfunction that could be a question of blood flow. cialis for daily use helps you be ready anytime the moment's right. you can be
it would make a difference in the deficits. and then we'll talk revenue. >> larry we're not suggesting dropping out, either. >> neil pattell thank you very much. senator kay bailey hutchson appreciate it. >>> next up lipitor and the fallout. the people who take the popular drug need to know. [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500...
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Sep 24, 2012
09/12
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KPIX
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he was going to use that money to reduce the budget deficit. i'm putting it back into medicare, and i'm the guy running for president, not him. so what i do in my medicare plan for younger people coming along is say this: we're going to have higher benefits for low-income people and lower benefits for high-income people. we're going to make it more means tested. i think if we do that, we'll make sure to preserve medicare into the indefinite future. >> pelley: the idea under your plan for future seniors would be that the federal government would write that senior a check, essentially, and say, "now, you can go buy a private insurance plan or you can buy medicare from the federal government." is that essentially it? >> romney: yeah. that's essentially it. people would have a choice of either traditional, government- run, fee-for-service medicare; or a private plan which has to offer the same benefits. >> pelley: does the government have a responsibility to provide health care to the 50 million americans who don't have it today? >> romney: well, w
he was going to use that money to reduce the budget deficit. i'm putting it back into medicare, and i'm the guy running for president, not him. so what i do in my medicare plan for younger people coming along is say this: we're going to have higher benefits for low-income people and lower benefits for high-income people. we're going to make it more means tested. i think if we do that, we'll make sure to preserve medicare into the indefinite future. >> pelley: the idea under your plan for...
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Aug 22, 2012
08/12
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CNBC
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first of all, they updated the deficits. unfortunately we are now still running trillion dollar deficits. this will be the fourth year in a row. and you can see back many the 2000s it was really a different story. and you can see things have gotten worse. i understand president obama inherited a mess. i get it. i don't know. here, here, here. one has to wonder why do we continue with trillion dollar deficits, too much spending and too little growth? this comes from the cbo. next up, real gdp. this is cbo forecast. here is basically what they are saying. this is the fiscal cliff recession. it's not nearly as bad, not nearly as bad as, of course, what we had in 2009. but this whole story, running about 2%. it's going to drop down into a negative half a percent. that's not good for the country. that's not good for the workforce. that is not good for anybody. i don't care what your politics are. we do not need another recession. all right. let's discuss this. we have two smart guys. dean baker is codirector of the center for eco
first of all, they updated the deficits. unfortunately we are now still running trillion dollar deficits. this will be the fourth year in a row. and you can see back many the 2000s it was really a different story. and you can see things have gotten worse. i understand president obama inherited a mess. i get it. i don't know. here, here, here. one has to wonder why do we continue with trillion dollar deficits, too much spending and too little growth? this comes from the cbo. next up, real gdp....
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Feb 25, 2012
02/12
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FOXNEWSW
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if buffet wants to cut the deficit and create more prosperity for the people. create more people in that bracket. i am tired of buffet's unbearable rightness of being where he is going on a guilt trip for investing in insurance companies and wants everyone else to have their taxes raised. here is the issue. there is a buffet tax on health reform tax income and we don't want dc wasting buffet's money on solyndra and gm's and cash for clunkers. that's the issue. >> victoria, we have the baldwin tax increase. bill baldwin said 40 percent increase on the top rate up to 50 percent. what do you think of that? >> i am, i am disappointed, bill, really. we have more wealth recreation and want immigrants to build companies that employ other people. you will not have that with exorb bant tax rates. buffet is a fallacy. and comparing himself to a secretary. capitol gains, that money was taxed at the corporate level it is a double taxation. bill, i can't believe you want to increase. triple taxation somehow, is that ideal in >> let me tell you why the economy roared in six
if buffet wants to cut the deficit and create more prosperity for the people. create more people in that bracket. i am tired of buffet's unbearable rightness of being where he is going on a guilt trip for investing in insurance companies and wants everyone else to have their taxes raised. here is the issue. there is a buffet tax on health reform tax income and we don't want dc wasting buffet's money on solyndra and gm's and cash for clunkers. that's the issue. >> victoria, we have the...
SFGTV2: San Francisco Government Television
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Jul 15, 2012
07/12
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SFGTV2
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our budget, we have a mess, i inherited a budget deficit of $26 billion. we have cut that substantially. from the mortgage meltdown that occurred because of the bad decisions and this behavior throughout our economy, the revenue in california is up 23%. that is a big number. america, the asset values were destroyed, something like $7 trillion. a lot of that was a bubble. that was popped and resulted -- we have had to manage a difficult situation. even before the bubble popping, there was excess. because the money flows in in a regular amounts, when money is good, everybody feels good. when $14 billion came in, they thought they were king of the mountain and spend it. arnold came in to clean it up. a couple years later, he left town and $26 billion this year. this has been the nature for the last decade, kicking the can down the road. not talking straight. the way it is. the way it is, it is a tale of two cities. there is fabulous wealth and link electronics, inc. model number: pdr-885 software version: 3.0c in some places it would be food or shelter or lov
our budget, we have a mess, i inherited a budget deficit of $26 billion. we have cut that substantially. from the mortgage meltdown that occurred because of the bad decisions and this behavior throughout our economy, the revenue in california is up 23%. that is a big number. america, the asset values were destroyed, something like $7 trillion. a lot of that was a bubble. that was popped and resulted -- we have had to manage a difficult situation. even before the bubble popping, there was...
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Oct 25, 2012
10/12
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FBC
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demanding deficit reform ceos from 80 companies calling for action to reduce the federal deficit. our nation's security is at
demanding deficit reform ceos from 80 companies calling for action to reduce the federal deficit. our nation's security is at
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Dec 12, 2012
12/12
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CSPAN
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create jobs to reduce the deficit. want to fix the deficit? grow the economy and do so in a way that makes responsible cuts , strong iestments for our seniors, pillars of economic security for them and for their families. it is not a time t inject even more uncertainty into the lives of the american people and the economy of our country and what that means globally. it simply isn't the time. many of these ideas are bad at any time, but they are rticularly harmful at this time. so again, i thank the speaker for bringing the issue finally to the floor of the house of representative i look forward to how we can move quickly because time is of the essence and every day that we can remove all doubt about the full faith and credit of the united states of america, our investments in the future, our creation of jobs, and our respect and support for the economic -- and help the security of our seniors. every day we can do that, put >> mitch mcconnell said tax increases for the top to% would not resolve the fiscal cliff issue and would only run the gove
create jobs to reduce the deficit. want to fix the deficit? grow the economy and do so in a way that makes responsible cuts , strong iestments for our seniors, pillars of economic security for them and for their families. it is not a time t inject even more uncertainty into the lives of the american people and the economy of our country and what that means globally. it simply isn't the time. many of these ideas are bad at any time, but they are rticularly harmful at this time. so again, i thank...
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Aug 12, 2012
08/12
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WJLA
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but this is clearly terrible, we can't go on with the deficit. nothing seems to want to -- nobody seems to want to take the political heat. this is the way they're designed to take the politica heat. all of these cuts are necessary, some of them painful. we'll all have to give up something to get out of the federal deficit situation. and the fiscal cliff seems to be the only solution. >> it is amazing there is no discussion about coming to an agreement here. i feel like it is a repeat over and over again, like last summer when we were waiting on the debt ceiling debate. i mean congress goes away for five weeks vacation. i mean, give me a break, that is about e election time. what about the extension on the tax cuts relief? >> that won't do any good, all they do is what they have been doing for years. kick the problem down the road. this congress is notÑi capable doing anything. all they want to do is slow the president so he doesn't get elected. so look, no matter what happens, if you take away as much stimulus as the deficit is happening, there
but this is clearly terrible, we can't go on with the deficit. nothing seems to want to -- nobody seems to want to take the political heat. this is the way they're designed to take the politica heat. all of these cuts are necessary, some of them painful. we'll all have to give up something to get out of the federal deficit situation. and the fiscal cliff seems to be the only solution. >> it is amazing there is no discussion about coming to an agreement here. i feel like it is a repeat...